Question 19 Not yet answered Marked out of 5.00 P Flag question Which of the following statements about industry, industry dynamics, and industry lifecycle is true? Select one: a. Industry refers not only to your product or service, but also to all your competitors selling that product or service. b. The fortunes of industries do not move in predictable ways. C. Small firms avoid entering "hot" industries. d. If the industry is not growing there is no way to be successful as a start-up